Because of National Life Stories' charitable status, donations or sponsorship are subject to the relevant tax relief for either individuals or companies. There are four tax-efficient and convenient ways to support National Life Stories.
Since the April 2000 revisions, the Gift Aid scheme has allowed us to claim back basic rate tax on any donation received from individual taxpayers. This means that for every £100 donated we can claim an additional £22 from the Inland Revenue if a signed Gift Aid form is received. A Gift Aid form (PDF format) can be downloaded or obtained from the NLS Administrator. It needs to be completed and returned to the NLS together with your cheque.
Companies now pay the charity the full donation without deducting any tax and in turn obtain full tax relief when calculating their profits for corporation tax.
Donation of shares
Donors of shares will no longer be deemed to have a disposal that makes them liable to capital gains tax. The charity will have the option of retaining the shares or selling them (particularly useful where the donated shares conflict with investment objectives). Unlisted shares traded on a recognised exchange are included in this initiative. The individual making such a donation will also be able to reduce their taxable income by the value of the gift. A company donor will obtain full relief against corporation tax.
Sums left to National Life Stories are deducted from an estate in the calculation of Inheritance Tax and therefore free of tax. The NLS Administrator can advise on an appropriate form of words within a will.
The British Library
96 Euston Road
Tel: +44 (0)20 7412 7405 (Rob Perks, Oral History Curator / Director of National Life Stories)
Tel: +44 (0)20 7412 7406 (Mary Stewart, Oral History Curator / Deputy Director of National Life Stories)
Tel: +44 (0)20 7412 7404 (Elspeth Millar, Oral History Archive Assistant)